Riverview VA Loans

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A Riverview VA mortgage loan is a mortgage offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home mortgage loan can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

Who is Eligible for a Riverview Florida VA Home Mortgage?

There are four kinds of people who can request Riverview VA home mortgages. These are:

• Veterans who have served with the United States military.
• Military men which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Eligibility Requirements for Riverview VA Mortgage Loans

Not every veteran qualifies for a VA mortgage. In order to be eligible, veterans require:

• Sufficient and reliable credit history.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage loan in Riverview Florida is granted only when the home is for personal use of the borrower. However, the funds can be used to buy the home, develop it or to make improvements in it, as per the requirements of the borrower.

Gathering a COE for Riverview VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the contrary, the eligibility criteria for the spouses of vets to obtain a mortgage loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you are eligible for a Riverview Florida VA loanscontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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